IAC Inc. (NASDAQ:IAC) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of IAC Inc. (NASDAQ:IAC) have been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $64.31.

A number of analysts have recently commented on IAC shares. Oppenheimer dropped their price objective on IAC from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Benchmark dropped their price target on shares of IAC from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Citigroup lifted their price objective on shares of IAC from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. reissued an “overweight” rating and set a $60.00 target price on shares of IAC in a research note on Friday, March 21st. Finally, Barclays reduced their target price on shares of IAC from $66.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, February 13th.

Institutional Investors Weigh In On IAC

Institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors purchased a new stake in shares of IAC in the third quarter worth approximately $282,000. Quantinno Capital Management LP increased its stake in IAC by 28.9% in the 3rd quarter. Quantinno Capital Management LP now owns 20,397 shares of the company’s stock valued at $1,098,000 after buying an additional 4,568 shares during the period. State Street Corp lifted its position in IAC by 1.2% in the 3rd quarter. State Street Corp now owns 2,360,210 shares of the company’s stock worth $127,027,000 after buying an additional 28,577 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of IAC by 20.5% during the 3rd quarter. MML Investors Services LLC now owns 5,725 shares of the company’s stock valued at $308,000 after buying an additional 973 shares during the period. Finally, Barclays PLC grew its holdings in shares of IAC by 922.5% during the 3rd quarter. Barclays PLC now owns 60,737 shares of the company’s stock valued at $3,268,000 after acquiring an additional 54,797 shares in the last quarter. 88.90% of the stock is currently owned by institutional investors and hedge funds.

IAC Price Performance

Shares of NASDAQ:IAC opened at $34.19 on Friday. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of -5.24 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.75. IAC has a 12 month low of $32.05 and a 12 month high of $58.29. The stock’s 50 day moving average price is $43.47 and its 200 day moving average price is $45.91.

About IAC

IAC Inc, together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle.